Pakistan expects over 4% growth, diversify financing with Panda bonds, Sukuk: Aurangzeb

Finance Minister Muhammad Aurangzeb has informed international investors that Pakistan anticipates economic growth of 4% or higher this fiscal year, signaling continued macroeconomic stabilisation and fiscal improvements. During the Citi Macro Forum Session, Aurangzeb outlined the government's strategy to diversify financing sources, including further Panda bond issuances, Sukuk, and a rupee-denominated, dollar-settled international bond.

These measures aim to lower borrowing costs and extend debt maturities. The finance minister also discussed progress under the IMF programme, tax-base expansion, and provincial coordination to sustain fiscal discipline. Addressing the impact of the Middle East conflict, Aurangzeb highlighted measures to maintain energy supplies and provide targeted relief to vulnerable groups within existing budgetary allocations.

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